Ain Holdings (TSE:9627) Cyclically Adjusted PB Ratio: 1.72 (As of Aug. 13, 2026) — 41% Below Median

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TSE:9627 Ain Holdings Inc TSE:9627
78 GF Score
Price 円6,015.00
GF Value 円8,246.17
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Ain Holdings Cyclically Adjusted PB Ratio?

Ain Holdings TSE:9627 +0.72% 78 Cyclically Adjusted PB Ratio is 1.72 as of Aug. 13, 2026, which is 41% below its 10-year median of 2.92. GuruFocus rates TSE:9627 with a GF Score™ of 78/100 and a GF Value™ of 円8,246.17 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 349 Healthcare Providers & Services companies, Ain Holdings ranks better than 53.3% on this metric.

As of today (2026-08-13), Ain Holdings's current share price is 円6015.00. Ain Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Apr. 2026 was 円3,488.64. Ain Holdings's Cyclically Adjusted PB Ratio for today is 1.72.

The historical rank and industry rank for Ain Holdings's Cyclically Adjusted PB Ratio or its related term are showing as below:

TSE:9627' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.41   Med: 2.92   Max: 6.51
Current: 1.7

During the past years, Ain Holdings's highest Cyclically Adjusted PB Ratio was 6.51. The lowest was 1.41. And the median was 2.92.

TSE:9627's Cyclically Adjusted PB Ratio is ranked better than
53.3% of 349 companies
in the Healthcare Providers & Services industry
Industry Median: 1.91 vs TSE:9627: 1.70

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Ain Holdings's adjusted book value per share data for the three months ended in Apr. 2026 was 円4,523.385. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is 円3,488.64 for the trailing ten years ended in Apr. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ain Holdings  (TSE:9627) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Ain Holdings Cyclically Adjusted PB Ratio Related Terms


Ain Holdings Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Ain Holdings's Cyclically Adjusted PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Ain Holdings Cyclically Adjusted PB Ratio Chart

Ain Holdings Annual Data
Trend Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24 Apr25 Apr26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.58 2.19 2.08 1.72 1.62

Ain Holdings Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.72 1.79 1.92 1.89 1.62

Ain Holdings Cyclically Adjusted PB Ratio Competitor Comparison

For the Pharmaceutical Retailers subindustry, Ain Holdings's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Ain Holdings Cyclically Adjusted PB Ratio vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Ain Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Ain Holdings's Cyclically Adjusted PB Ratio falls into.


TSE:9627
78GF Score
Ain Holdings Inc TSE:9627
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ain Holdings Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Ain Holdings's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=6015.00/3488.64
=1.72

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Ain Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Apr. 2026 is calculated as:

For example, Ain Holdings's adjusted Book Value per Share data for the three months ended in Apr. 2026 was:

Adj_Book=Book Value per Share/CPI of Apr. 2026 (Change)*Current CPI (Apr. 2026)
=4523.385/113.0000*113.0000
=4,523.385

Current CPI (Apr. 2026) = 113.0000.

Ain Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201607 1,683.511 97.900 1,943.174
201610 1,731.622 98.600 1,984.516
201701 1,815.980 98.200 2,089.671
201704 1,895.607 98.500 2,174.656
201707 1,912.664 98.300 2,198.688
201710 2,573.635 98.800 2,943.530
201801 2,672.591 99.500 3,035.204
201804 2,729.338 99.100 3,112.161
201807 2,731.879 99.200 3,111.919
201810 2,780.569 100.200 3,135.771
201901 2,869.397 99.700 3,252.175
201904 2,931.382 100.000 3,312.462
201907 2,938.043 99.800 3,326.642
201910 3,006.351 100.400 3,383.642
202001 3,076.860 100.500 3,459.554
202004 3,130.688 100.200 3,530.616
202007 3,100.062 100.000 3,503.070
202010 3,151.462 99.800 3,568.289
202101 3,206.701 99.800 3,630.834
202104 3,267.359 99.100 3,725.646
202107 3,227.581 99.700 3,658.141
202110 3,285.576 99.900 3,716.417
202201 3,360.663 100.300 3,786.191
202204 3,385.419 101.500 3,768.989
202207 3,378.672 102.300 3,732.062
202210 3,438.568 103.700 3,746.945
202301 3,520.639 104.700 3,799.735
202304 3,599.636 105.100 3,870.208
202307 3,601.771 105.700 3,850.522
202310 3,693.891 107.100 3,897.383
202401 3,791.558 106.900 4,007.914
202404 3,866.520 107.700 4,056.794
202407 3,834.404 108.600 3,989.757
202410 3,883.339 109.500 4,007.464
202501 4,006.589 111.200 4,071.444
202504 4,063.496 111.500 4,118.162
202507 4,050.837 111.900 4,090.658
202510 4,125.975 112.800 4,133.291
202601 4,294.009 112.900 4,297.812
202604 4,523.385 113.000 4,523.385

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

What does a Cyclically Adjusted PB Ratio of 1.72 mean?
Ain Holdings (TSE:9627) has a Cyclically Adjusted PB Ratio of 1.72 as of Aug. 13, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Ain Holdings and its competitors. This is 41% below median its historical median of 2.92. Over the past decade, Ain Holdings' Cyclically Adjusted PB Ratio has ranged from 1.41 to 6.51. According to the industry distribution chart, Ain Holdings ranks #163 out of 349 companies in the Healthcare Providers & Services industry, placing it in the top 46.7%.
Is Ain Holdings' Cyclically Adjusted PB Ratio too high?
Ain Holdings' current Cyclically Adjusted PB Ratio of 1.72 is 41% below median its 10-year median of 2.92. Over the past 10 years, this metric has ranged from a low of 1.41 to a high of 6.51. The Healthcare Providers & Services industry median Cyclically Adjusted PB Ratio is 1.91. Ain Holdings' value of 1.72 is 9.9% below this industry median. Based on the distribution chart, Ain Holdings ranks #163 out of 349 companies in the Healthcare Providers & Services industry, which is above the industry midpoint. Overall, Ain Holdings has a GF Score™ of 78/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ain Holdings' Cyclically Adjusted PB Ratio compare to competitors?
According to the Healthcare Providers & Services industry distribution chart, Ain Holdings ranks #163 out of 349 companies for Cyclically Adjusted PB Ratio. This puts Ain Holdings in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.91. Ain Holdings' value of 1.72 is 9.9% below this benchmark. Historically, Ain Holdings' own Cyclically Adjusted PB Ratio has ranged from 1.41 to 6.51 over the past decade. While the company's 10-year median is 2.92 vs. the industry median of 1.91, Ain Holdings has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for a Healthcare Providers & Services company?
The median Cyclically Adjusted PB Ratio among Healthcare Providers & Services companies is 1.91, based on 349 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ain Holdings's current Cyclically Adjusted PB Ratio of 1.72 is 9.9% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Ain Holdings and its competitors. For the Healthcare Providers & Services industry, the median Cyclically Adjusted PB Ratio is 1.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ain Holdings's current Cyclically Adjusted PB Ratio is 1.72, which is 41% below median its own 10-year median of 2.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ain Holdings stock overvalued right now?
Based on GuruFocus' analysis, Ain Holdings (TSE:9627) is currently considered Modestly Undervalued. The stock's GF Value™ is 円8,246.17, compared to a current price of 円6,015.00 — trading 27.1% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.72, which is 41% below median its 10-year median of 2.92 and 9.9% below the Healthcare Providers & Services industry median of 1.91. Ain Holdings' overall GF Score™ is 78/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Ain Holdings (TSE:9627), the current Cyclically Adjusted PB Ratio is 1.72 as of Aug. 13, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Ain Holdings (TSE:9627) Overvalued in 2026?

Based on GuruFocus' analysis, Ain Holdings stock appears to be undervalued. The current stock price of 円6,015.00 is trading 27.1% below its estimated GF Value™ of 円8,246.17. GuruFocus considers Ain Holdings to be Modestly Undervalued.

Key valuation signals for TSE:9627:

  • Cyclically Adjusted PB Ratio: 1.72 (41% below median its 10-year median of 2.92)
  • GF Value™: 円8,246.17 vs. price of 円6,015.00 (27.1% below fair value)
  • GF Score™: 78/100 with 2 warning signs
  • Industry Position: 9.9% below the Healthcare Providers & Services median (#163 of 349)

No single metric tells the full story. See the TSE:9627 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ain Holdings Business Description

Other Exchanges AINPF:USA
Address 1-2-1 Higashi-Naebo-Gojo, Higashi-ku, Sapporo-shi, JPN, 007-8755
Ain Holdings Inc's core business is the dispensing pharmacy business that includes preparing and dispensing drugs based on prescriptions. The company also generates revenue by selling generic drugs wholesale, pharmacy staffing services, and pharmacy consulting services. The company's additional business activity includes both urban and suburban drug and cosmetic stores. Ain operates the ainz & tuple brand that specifically targets female consumers in urban areas. The company also executes small real estate rental strategies.
78GF Score

Get the complete analysis for TSE:9627

Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円6,015.00
Price
円8,246.17
GF Value